Innovative Financial Products and Services in Asset-Building: Entering the Financial Mainstream

Registration for this event is now closed.

Thursday, Sept. 3, 2015 | Webinar
2-3:15 p.m. (CT) | 3-4:15 p.m. (ET)

Contact
Lisa Locke
502-568-9292
lisa.locke@stls.frb.org

Although the United States economy has rebounded since the 2008 recession, many low- and moderate-income (LMI) individuals still face economic insecurity. The need for innovative financial products and services is essential in today's economy as millions of individuals lack basic services, including checking or savings accounts.

Individuals and families outside of the financial mainstream have fewer opportunities for financial advancement; they are unable to obtain credit to buy a home, start a business or save for their children's education. They also spend more for basic financial services, decreasing funds available for other purposes and long-term financial stability.

The Cities for Financial Empowerment Fund as well as Bank On initiatives around the country assist many LMI individuals and households as they enter the financial mainstream. The first Bank On program was launched in San Francisco in 2006 and is now seen as a leading model across the U.S. Bank On 2.0 was launched in fall 2013 in an effort to create a national strategy to offer safe and affordable basic financial products and services.

During this Exploring Innovation webinar series from the Federal Reserve Bank of St. Louis, we will hear from leaders in community-based organizations, community development corporations and government agencies regarding innovative financial products and services in the areas of credit-building, saving and access to the financial mainstream.

This final webinar in the series, on Sept. 3, will provide insight into ways to bring basic financial services to underserved consumers. Presenters include:

There is no charge for this event, but registration is required.

Listen to the archived sessions of this series: